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Tesla loan comparison spreadsheet - auto updates hourly

Discussion in 'Model 3' started by T3slaMecca, Sep 5, 2018.

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  1. quartzav

    quartzav Member

    Joined:
    Feb 3, 2013
    Messages:
    148
    I tried that last week and their reply was: the Arts Council updated their terms recently to limit only local patrons can join Riverland. So at least for me, this in essence eliminated anyone out of area to be eligible to open Riverland FCU. It took them 5 days to respond with multiple phone calls to verify but in the end this is the answer I got.
     
    • Helpful x 3
  2. mediaboy

    mediaboy Member

    Joined:
    Apr 26, 2019
    Messages:
    47
    Location:
    Durham, NC
    It did show 4.25% on application prior to submitting personal information. I am guessing that rate is the highest you would be charged if approved. I also elected to not put down anything extra - just the 2500 reservation amount. It shows valid for 30 days not sure what happens if Tesla can’t deliver in that timeframe.
     
  3. RickW

    RickW Member

    Joined:
    Aug 5, 2019
    Messages:
    38
    Location:
    Seattle
    Do we have any more for the Pacific Northwest? Still looking for best financing.
     
  4. patbaker82

    patbaker82 Member

    Joined:
    Apr 19, 2019
    Messages:
    50
    Location:
    San Diego
    I loved my experience with EECU in Fresno. 2.19% and was very streamlined. I think their rates went up to 2.49% now (which really doesnt make that much of a difference).

    myeecu.org
     
  5. youtalking2me

    youtalking2me Member

    Joined:
    Aug 7, 2019
    Messages:
    16
    Location:
    Maryland
    Deciding between PenFed at 2.49, SCCU at 1.89, and Andrews FCU at 2.39 for 36 months.
    Going with the lowest would be a no brainer, problem is the reviews for both SCCU and Andrews FCU are absolutely terrible. They also seem substantially smaller than PenFed.
    I just don't want to risk my info leaking out due to bad security measures or having incompetent people process my loan app.
    Need to decide if the higher interest rate is worth a bit more piece of mind.
    Any advice?
     
  6. happyevil

    happyevil Member

    Joined:
    Mar 13, 2019
    Messages:
    9
    Location:
    Southern California
    I got denied from lightstream's rate beat program after I emailed them a secured loan offer from another CU. They said they updated their rate beat terms so that they will only match competitors rates that is also Unsecured Loan. Any suggestions for a workaround?
     
  7. patbaker82

    patbaker82 Member

    Joined:
    Apr 19, 2019
    Messages:
    50
    Location:
    San Diego
    Watch the lack of gap insurance depending on how much you finance. You cannot have GAP with light stream. Also how much are you really saving with .1 %?
     
  8. Jb1280

    Jb1280 Member

    Joined:
    Aug 8, 2019
    Messages:
    5
    Location:
    Atlanta
    Is there any consensus on what Tesla’s current rate is? On the website it’s 4.25%, I’ve seen someone mention 3.44%, and the spreadsheet has 3.75%.
     
  9. N5329K

    N5329K Active Member

    Joined:
    Aug 12, 2009
    Messages:
    1,631
    Location:
    California
    I have had nothing but great experience with PenFed.
    Robin
     
  10. Cree

    Cree Member

    Joined:
    Aug 15, 2019
    Messages:
    16
    Location:
    SF Bay Area
    Wow, thanks for sharing this! Super useful
     
  11. akshaykumar

    akshaykumar Member

    Joined:
    Aug 18, 2019
    Messages:
    9
    Location:
    NC
    I got a rate of 3.09% from Baxter credit union for 72 months for a loan of 48,500 at 740 a month approx.
     
  12. patbaker82

    patbaker82 Member

    Joined:
    Apr 19, 2019
    Messages:
    50
    Location:
    San Diego
    EECU gave me 2.19 % at 72 months and was a super smooth process. I think their rates went up slightly though to 2.49%. Still not a bad deal if you live in CA.
     
  13. wanaride

    wanaride Member

    Joined:
    May 15, 2019
    Messages:
    9
    Location:
    North Carolina
    I submitted my credit app on the Tesla website last night, and the website said 4.25%. This morning my app was approved and Chase had given me 3.29% for 72mths on $45,930 financed. Not as good as some numbers above, but better than our local state credit union (4.5%)! I take delivery on Tuesday. YEE HAW! Can't wait!
     
    • Like x 3
  14. Neodocjdg

    Neodocjdg Member

    Joined:
    Aug 17, 2019
    Messages:
    7
    Location:
    West Chester, PA
    They said 4.25% when I applied but when the loan went through it was 3.34% for 72 months with $40K financed.
     
  15. bewilderman

    bewilderman Member

    Joined:
    Aug 16, 2019
    Messages:
    29
    Location:
    Silicon Valley, CA
    EECU has great rates.

    But they only serve the following counties: Fresno, Kings, Tulare, Merced, Madera, Mariposa, Inyo, San Luis Obispo, San Benito and Monterey.

    I live in the SF Bay Area. :-(
     
  16. bewilderman

    bewilderman Member

    Joined:
    Aug 16, 2019
    Messages:
    29
    Location:
    Silicon Valley, CA
  17. PNWLeccy

    PNWLeccy Member

    Joined:
    Jul 11, 2019
    Messages:
    104
    Location:
    Seattle
    People should look into if their company has a credit union. I used my father's Fedex Employee Credit Association to get [email protected] 2.49%.

    That was the best i could find in Washington by a long shot! To make it even better, I bought a used 2018 model and it still qualified as New for interest rates- maybe this is a common thing for year old models but I was surprised as it's my first time financing.
     
    • Like x 1
  18. SK360

    SK360 Member

    Joined:
    Aug 20, 2019
    Messages:
    15
    Location:
    Pittsburgh, PA
    I am a FedEx employee and was wondering if the FECA advertised rate for [email protected] was actually realistic. I haven't reached out to them yet but seems if you got 2.49%@60mo then it may actually be real! lol
     
  19. PNWLeccy

    PNWLeccy Member

    Joined:
    Jul 11, 2019
    Messages:
    104
    Location:
    Seattle
    Yea, I kinda thought that it might've been out of date on their website as well, but working with them was pretty smooth and they're great rates compared to anything else I could find.
     
  20. ScooterBarks

    ScooterBarks Member

    Joined:
    Aug 29, 2019
    Messages:
    5
    Location:
    Sacramento, CA
    Looking for competitive interest rates in the Sacramento, CA area. Tried Golden1 CU, Schools FCU and Sac CU. Was able to get a 72mo 3.44% $45k with Sac CU.

    Since my M3, LR AWD, White w/Black Interior production is not happening anytime soon (ordered 8/8), figured I had time on my hands to shop around for a better rate.
     

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